Crude Oil is stuck up at the wedge highs right now and failing back off. I am looking to take this back short to the wedge lows and possible a bit further to 108.12 for a quick blow-off to the lows. If we do continue higher, I will be looking long above the 110.48 - 110.70 highs as well to the overall wedge highs WAY above us after revisiting the highs at 112.24.
The Euro has been pushing higher since the test of the wedge lows back at 1.3105. I am looking to continue buying this higher to the 1.3224 - 1.3227 highs and possible further up to 1.3253 - 1.3258 and the wedge highs. If we push lower I will be looking short under the 1.3166 low to revisit the wedge low.
The Gold Futures are stuck up at the highs of the wedge right now and pushing lower. I will be looking to take this short back to the lows of 1358.8 - 1354.5 and the wedge lows. If we do continue higher I will be looking to buy up to the second wedge high above up to 1395.0. We did have a reversal signal long so seeing long setups are very viable this morning.
The Russell is stuck at the highs of the wedge right now and looking pretty weak. I am looking to sell this back down to the 1026.8 low first and then further to the wedge lows. If we do continue higher, I will also be looking to buy with a break above the wedge highs to see a test of 1034.4 and possible higher to 1037.2 and the wedge highs. Come join us in the room and see how we do it!